Conversion of Debenture Interest Into Equity

LAVAL, Québec, April 14, 2022 (GLOBE NEWSWIRE) -- Geekco Technologies Corporation (the “Corporation” or “Geekco”) (TSX-V: GKO; OTCQB: GKOTF) has announced that in accordance with the terms and conditions of the convertible debenture units issued on April 14, 2021 (the “Debentures Units”), Geekco has agreed, subject to the approval of the TSX Venture Exchange (the “TSXV”), to issue 118,483 class A shares (the “Common Shares”) as settlement of payments of interest equal to $25,000 accrued between April 14, 2021 to April 13, 2022. The Common Shares will be issued at the $0.211 per Common Share and will be subject to a statutory four-month hold period beginning as of the date of issuance of the Common Shares. The transaction is subject to the approval of the TSXV.

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